ValMark worked with multiple providers to negotiate a gross offer (before commissions and expenses) of $113,000.** James was surprised and excited about the unexpected financial
gain from the sale of the insurance policy.
POLICY TYPE: Universal Life
DEATH BENEFIT: $250,000
NET CASH VALUE: $12,651
POLICY LOAN: 33,206
LIFE SETTLEMENT GROSS OFFER: $113,000**
A survey report from “The Market Pulse” for the first quarter of 2014, noted that 65% of those selling their businesses were baby boomers.*** As a result, there is a potential for an influx of corporate-owned or key-man life insurance policies that will enter the market over the next 10-15 years. This is a favorable time to consider a life settlement as an alternative to lapsing or surrendering your policy.
** The gross offer will be reduced by commissions and expenses related to the sale.
*** First Quarter 2014 Market Pulse Quarterly Survey Report – Published by Pepperdine Private Capital Market Project, Int’l Business Broker Assoc. (IBBA) and M&A Source.